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94

Patek Philippe

Ref. 3970E

An extremely rare, highly attractive, and elusive “second series” yellow gold perpetual calendar chronograph wristwatch with moon phases, leap year indicator, “doré” dial, Certificate of Origin, and presentation box

Estimate
$150,000 - 300,000
$419,100
Lot Details
Manufacturer
Patek Philippe
Year
Circa 1988
Reference No
3970E
Movement No
875'186
Case No
2'837'127
Material
18K yellow gold
Calibre
Manual, cal. 27-70 Q, 24 jewels
Bracelet/Strap
Leather
Clasp/Buckle
18K yellow gold Patek Philippe pin buckle
Dimensions
36mm Diameter
Signed
Case, dial, movement, and buckle signed.
Accessories
Accompanied by Patek Philippe Certificate of Origin dated July 1988, Patek Philippe service invoice dated 2024, product literature, leather folio, service sticker, leather pouch, fitted presentation box, and outer box.
Catalogue Essay
The reference 3970 was the first Patek Philippe perpetual calendar chronograph to indicate leap years, and the first to add a 24-hour indicator.

The reference was produced in yellow gold, pink gold, white gold and platinum across a total of four series with production spanning over 19 years. The present 3970 in 18K yellow gold also features the solid screw-back case, feuille hands, and baton indexes indicative of the second series.

While the 3970 in and of itself is a highly desirable timepiece, the real draw of this example lies in the most visible component – the dial. Fitted with a doré dial, sometimes referred to as opaline-gilt, only a very small number of 3970s and 3971s are known to be fitted with this specific color dial. The texture is a silky, matte golden color, with a subtle sheen to the subdials, a trait that appears also on the normal silvered second series dials. Our research shows 9 examples across the references 3970 and 3971 have appeared at auction with doré dial, of which the present lot is the 4th 3970 example to appear and is fresh-to-the-auction market. Accompanied by its original Certificate of Origin describing an “argenté”, or silvered, dial, it’s highly likely the current doré dial was fitted by a Patek Philippe retailer at the request of the original owner at the time of purchase.

With perfectly crisp hallmarks visible on the solid screw-down caseback fitted to the watch, the case is in excellent overall condition. The popularity of these extremely rare 3970s having grown in the past few years, the fact remains that very few were made and even fewer have appeared in public. Thus, the current example presents an exciting opportunity to obtain one of the rarest iterations of an absolute classic. Adoréable!

Patek Philippe

Swiss | 1839
Since its founding in 1839, this famous Geneva-based firm has been surprising its clientele with superbly crafted timepieces fitted with watchmaking's most prestigious complications. Traditional and conservative designs are found across Patek Philippe's watches made throughout their history — the utmost in understated elegance.Well-known for the Graves Supercomplication — a highly complicated pocket watch that was the world’s most complicated watch for 50 years — this family-owned brand has earned a reputation of excellence around the world. Patek's complicated vintage watches hold the highest number of world records for results achieved at auction compared with any other brand. For collectors, key models include the reference 1518, the world's first serially produced perpetual calendar chronograph, and its successor, the reference 2499. Other famous models include perpetual calendars such as the ref. 1526, ref. 3448 and 3450, chronographs such as the reference 130, 530 and 1463, as well as reference 1436 and 1563 split seconds chronographs. Patek is also well-known for their classically styled, time-only "Calatrava" dress watches, and the "Nautilus," an iconic luxury sports watch first introduced in 1976 as the reference 3700 that is still in production today.
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